Market Definition: Global Smart Retail Market
The Global Smart Retail Market is expected to reach USD 59.3 billion by 2025 from USD 10.4 billion in 2017 and is projected to grow at a CAGR of 24.2% in the forecast period of 2018 to 2025.
Smart retail framework incorporates an arrangement of keen advances which are intended to give a quicker, witted and more secure understanding to the clients while shopping. The worldwide market for keen retail frameworks is relied upon to develop fundamentally amid the gauge time frame.
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Market Segmentation: Global Smart Retail Market
Global Smart Retail Market, By Application, Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
Key Players: Global Smart Retail Market
Intel Corporation, IBM, NVIDIA, Samsung Electronics, Microsoft, Google, PTC, Amazon, NXP Semiconductors, Cisco, LG Display, Huawei Technologies, ParTech, Inc., Texas Instruments, Honeywell, Bosch, NVIDIA Taiwan, Samsung Electronics America, Cisco Systems France, Broadcom Inc., Ingenico Nordic Retail Group, NEC Corporation, Verifone,SoftBank Robotics US, LG Display America, Inc., IEI Integration Corp.,SoftBank Robotics Europe, Bosch USA, Bosch Australia & New Zealand, Bosch Switzerland, Bosch UK, Bosch Group Romania, Bosch the Netherlands, SoftBank Robotics China, Verifone Finland Oy, NEC Europe, NEC Corporation of America, NEC Corporation (Thailand) Ltd., Smart Retail Solutions Inc., Techni-Connection, IEI Technology USA Corporation and others.
Competitive Analysis: Global Smart Retail Market
The global smart retail market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of global smart retail market for global, Europe, North America, Asia Pacific and South America. In October 2013, Microsoft acquired mobile hardware division of Nokia in order to develop more smart devices and increase its business among different countries.
Market Drivers and Restraints: Global Smart Retail Market
Growing need for better customer services and shopping experience
Decreasing cost of electronics components
Emerging new technologies creates new revenues for retailers
Data security and privacy concerns with new advanced technologies
High maintenance of advanced computing systems
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